Friday, November 16, 2007

Coins with Ron Paul on them seized

This is being reported by several media sources, with similar details as shared in this New York Sun piece that suggest that this could cause problems for the campaign of the very internet popular candidate Rep. Ron Paul.

Federal agents, in a move that could have an impact on the presidential race, raided the Indiana office of the issuer of a private currency known as the Liberty Dollar — and seized tens of thousands of coins bearing the likeness of a presidential candidate, Rep. Ron Paul.

As the article points out, Libertarians are reacting:

Blay Tarnoff, a former chairman of the Libertarian Party of New York, a statewide organization, said he could not think of any good rationale for the raid as long as the company issuing Liberty Dollars was not misrepresenting their coins as government currency. "People can trade anything they want of value," he said. "It wouldn't surprise me if the government would want to seize Liberty Dollars if they believed that people were actually beginning to use them."

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